Pfeiffer Vacuum wins €uro Corporate Governance Quality Award

06.12.2004

Pfeiffer Vacuum won an outstanding third place in the TecDAX category in €uro magazine’s first Corporate Governance Quality Award in Germany.

Together with eight distinguished capital market players from both Germany and other countries, Prof. Alexander Bassen from the Hamburg University of Economics and Politics and Christian Strenger, a leading expert in the field of corporate governance in Germany, scrutinized some 100 corporations from the DAX, MDAX und TecDAX indices. What they reviewed, in addition to formal compliance with the recommendations and suggestions contained in the German Corporate Governance Code, was how corporate governance is being lived in actual practice by these corporations’ management and supervisory boards, i.e. how they interact with the capital market. This includes the quality of their accounting, whether investor relations work is a top management priority and whether their management and supervisory boards draw strategic and personnel consequences from negative developments.

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